Competition Law and Policy in the Philippines
What is the status of competition law and policy in the Philippines?
“While the country already has a number of anti-trust laws and regulations in place, they are inadequate and ineffective in dealing with the increasing complexity of the market. Anti-competitive behavior is observed in some industries, compromising consumer interests and resulting in lost markets. The perceived failure of government to inhibit this errant behavior has been attributed, in part, to the absence of a comprehensive competition or antitrust legislation.”
(Policy Brief, Senate Economic Planning Office, August 2009)
How does competition policy differ from competition law?
“Competition policy broadly refers to all laws, government policies, and regulations aimed at establishing competition and maintaining the same. It includes measures intended to promote, advance, and ensure competitive market conditions by the removal of control, as well as to redress anti-competitive results of public and private restrictive practices.
Competition law refers to the framework of rules and regulations designed to foster the competitive environment in a national economy. It consists of measures intended to promote a more competitive environment as well as enactments designed to prevent a reduction in competition. ”
(Source: Philippine Tariff Commission)